Network-1 Technologies (NYSEAMERICAN:NTIP) Share Price Passes Above 50-Day Moving Average of $0.00

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.00 and traded as high as $1.98. Network-1 Technologies shares last traded at $1.92, with a volume of 16,400 shares traded.

Network-1 Technologies Price Performance

The stock has a market capitalization of $45.14 million, a P/E ratio of -32.00 and a beta of 0.17.

Network-1 Technologies (NYSEAMERICAN:NTIP) last issued its quarterly earnings data on Friday, March 8th. The company reported $0.02 earnings per share for the quarter. The company had revenue of $1.78 million for the quarter.

Network-1 Technologies Announces Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, March 14th. This represents a yield of 4.6%. Network-1 Technologies’s payout ratio is currently -166.67%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Network-1 Technologies stock. Clayton Partners LLC grew its holdings in shares of Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,435,200 shares of the company’s stock after buying an additional 31,168 shares during the quarter. Network-1 Technologies accounts for about 2.5% of Clayton Partners LLC’s investment portfolio, making the stock its 17th biggest position. Clayton Partners LLC owned 6.07% of Network-1 Technologies worth $3,129,000 at the end of the most recent quarter. 29.07% of the stock is currently owned by institutional investors.

Network-1 Technologies Company Profile

Network-1 Technologies, Inc engages in the development, licensing, and protection of intellectual property assets. The company owns 100 patents, including the Cox patent portfolio related to enabling technology for identifying media content on the Internet; M2M/IoT patent portfolio related to enabling technology for authenticating, provisioning, and using embedded sim technology in IoT, machine-to-machine, and other mobile devices, such as smartphones, tablets, and computers, as well as automobiles; and HFT patent portfolio covering technologies related to high frequency trading that addresses technological problems associated with speed and latency, and provide critical latency gains in trading systems.